Mastercard made Bitcoin payments mainstream and RUINED it with crazy high fees!
Daylight robbery from TradFi products masquerading as crypto innovation
Mastercard just dropped a bombshell - they launched a crypto debit-card that brings Bitcoin to 1 billion users and 100M+ merchants worldwide!
You don’t need to convert to fiat anymore.
No more middlemen, no more centralized exchanges.
You spend directly from your wallet - just like a regular debit card.
Is this the future of payments? I wish it was that simple...
I break it down for you:
- You can spend Bitcoin directly with NO conversion to fiat.
- It's seamless and compatible with Apple Pay & Google Pay.
- And YOU stay in full control of your crypto in self-custodial wallets.
But...there's a problem!
As my friend Marc Baumann noticed there’s a catch - the fees are absolutely ridiculous!
€1.6 issuance fee, €1 monthly maintenance, and 0.95% per transaction.
Mastercard made a bold move to make Bitcoin mainstream and RUINED it with crazy high fees!
Crypto payments should cost a few cents - not 0.95% per transaction!
You can move stablecoins on TRON for ~$0, so why would YOU pay Mastercard 0.95% per transaction?
I have been in the crypto industry for 10+ years, and I feel this is a missed opportunity.
It's just another example of TradFi trying to cash in on crypto - and totally failing.
Can Mastercard really change the payment game? I think this is just another garbage product that won't change a thing.
But things can be done differently and better than Mastercard…
Take a look at Transfero, founded by my dear friend Marlyson Silva.
Transfero has taken a different path.
Their Mastercard card integration uses stablecoins, ensuring payments are always at a 1:1 rate - no crazy fees.
Plus, they offer Bitcoin as collateral, so users can preserve their crypto without ‘burning’ it.
Imagine offering this to your global customer base, especially with our stablecoins in Brazil, Argentina, Chile, and soon Africa.
Transfero is shaping the future of payments - simple, efficient, and fair.
Let’s challenge the status quo of the crypto ecosystem together!
Drop a “YES” in the comments if you think this, or tell me your thoughts👇.
Yes